It's been a matter of lack of supply. At the beginning of the year, there were not a lot of pure Internet stocks. By the end of the year, with more companies going public, that pushed up the supply. Next year we'll see more companies go public. But it will be tough to distinguish the real Internet companies.
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The mobile telecom companies need the data-networking expertise for developing Internet-related services for phones. They don't have that expertise in house.Mark Cavallone
Maybe Netscape comes up as a loser, but they've been over for a few years. Being bought by AOL is the culmination of that. Their future before they were bought wasn't bright at all.
Mark Cavallone
Unlike Amazon, AOL does not have to worry about shipping (or similar logistics). They have a lot of success shuffling people to sites and they'll get a cut of the transaction or they'll just get rental fees. Either way, they'll benefit from e-commerce with high margins in the big picture.
Mark Cavallone
Interest rates will be the prevailing factor over the next couple of months. A rate hike has already been figured into valuations, but if we get an indication from the Fed that a few more rate hikes could be down the road, this rally could be very short lived.
Mark Cavallone
Higher interest rates tend to make higher-value stocks look less attractive.
Mark Cavallone
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